Financial Statements for the Year Ended 30 June 2010

Statement of Comprehensive Income for the year ended 30 June 2010

The Statement of Comprehensive Income shows the components of revenue and expenditure (exclusive of Goods and Services Tax) relating to all outputs produced by Te Puni Kōkiri.

30Jun09 Actual $000s		Note	30 Jun 10 Actual $000s	30 Jun 10 Main Estimates $000ss	30 Jun 10 Supps Estimates $000s
	Income
	Crown
	Departmental(s)
	Other revenue	2
66,761	Total Income		55,158	64,206	54,675
	Expenses
32,585	Personnel	3	28,735	35,228	30,053
26,869	Operating	4	22,584	26,677	22,771
1,455	Depreciation and amortisation	5	1,481	1,768	1,504
355	Capital charge	6	346	533	342
61,264	Total Expenses		53,146	64,206	54,675
5,479	Net Surplus / (Deficit)		2,012	-	-
-	Other comprehensive income	-	-	-	-
5,497	Total Comprehensive Income		2,012	-	-

The accompanying accounting policies and notes form part of these Financial Statements. Explanation of major variances against budget is detailed in note 14.

Statement of Movements in Taxpayers' Funds for the year ended 30 June 2010

The Statement of Movements in Taxpayers' Funds shows the reconciliation of funds at the beginning of the year with the funds at the end of the year.

30Jun09 Actual $000s		30 Jun 10 Actual $000s	30 Jun 10 Main Estimates $000ss	30 Jun 10 Supps Estimates $000s
	Balance at 1 July
4.764	General Funds	6,146	6,147	6.146
4,764	Taxpayers' Funds Opening Balance	6,146	6,147	6,146
	Changes in Taxpayers' Fund Income and Expense for the Period
5,497	Net surplus / (Deficit) for the year	2,012	-	-
5,497	Total Income and Expenses for the Period	2,012	-	-
	Other Charges
(5,497)	Repayment of Surplus	(2,012)
1,382	Capital contribution	-	1,995	1,383
-	Capital withdrawal	(1,525)	(86)	(1,525)
(4,115)	Total charges in Taxpayers' Fund	(3,537)	1,909	(142)
	Balance at 30 June
6,146	General Funds	4,621	8,056	4,621
6146	Taxpayers' Fund as at 30 June	4,621	8,056	4,621

The accompanying notes form part of these financial statements.

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2010
 The Statement of Financial Position shows the major classes of assets and major classes of liabilities and equity of Te Puni Kōkiri. The difference between the assets and liabilities is the taxpayers' funds (net assets).

30Jun09 Actual $000s		Note	30 Jun 10 Actual $000s	30 Jun 10 Main Estimates $000ss	30 Jun 10 Supps Estimates $000s
	Assets
	Current Assets
11,905	Cash and cash equivalents		10,384	7,037	5,562
87	Debtors and other recievables		373	50	50
240	Prepayments		290	114	114
12,232	Total Current Assets		11,047	7,201	5,726
	Non-current Assets
4,031	Property, plant and equipment	7	2,735	4,462	3,239
376	Intangible assets	8	216	993	259
4,407	Total Non-current Assets		2,951	5,455	3,498
16,639	Total Assets		13,998	12,656	9,224
	Liabilities
	Current Liabilities
2,137	Creditors and other payables	9	5,018	2,000	2,000
5,497	Repayment of surplus		2,012	-	-
2,562	Employee entitlements	10	2,016	2,160	2,007
10,196	Total Current Liabilities		9,046	4,160	4,007
	Non-current Liabilities
297	Employee entitlements	10	331	440	596
297	Total Non-current Liabilities		331	440	596
10,493	Total Liabilites		9,337	4,500	4,603
	Taxpayers' Funds
6,146	General Funds		4,621	8,056	4,621
6,146	Total Taxpayers' Funds		4,621	8,056	4,621
16,639	Total Liabilities and Taxpayers' Fund		13,998	12,656	9,224

Total Liabilities and Taxpayers' Funds 13,998 12,656 9,224 Explanation of major variances against budget is detailed in note 14. The accompanying notes form part of these financial statements.

Statement of Cash Flows for the year ended 30 June 2010

The statement of cashflows shows the cash recieved and paid by Te Puni Kōkiri during the year, from its activities

30Jun09 Actual $000s		30 Jun 10 Actual $000s	30 Jun 10 Main Estimates $000ss	30 Jun 10 Supps Estimates $000s
	Cash flows from Operating Activities
	Reciepts from:
66,078	Crown	54,170	63,661	54,170
681	Department(s)	320	545	505
17)	Other	381	86	163
	Payments to:
	-
(31,880)	Suppliers	(18,823)	(30,585)	(26,324)
(30,031)	Employees	(29,359)	(34,726)	(29,788)
(358)	Capital Charge	(346)	(533)	(347)
(863)	Goods and Services tax (net)	(811)	3,406	2,895
3,610	Net Cash from Operating Actitivies	5,532	1,854	1,274
	Cash Flow from Investing Actitivites
	Reciepts from:
200	Sale of property, plant and equipment	61	-	-
	Purchase of:
(2,370)	Property, plant and equipment	(524)	(3,283)	(595)
(132)	Other non-current assets	(22)		(1,525)
(2,304)	Net Cash from Investing Activities
	Cash Flow from Financing Activities
(2,973)	Repayment of surplus	(5,497)	-	(5,497)
1,382	Capital contribution	-	1,909	-
-	Other financing cash outflows	(1,701)		-
(1591)	Net Cash from Financing Activities	(6,568)	1,909	(5,497)
(283)	Net Increase / (Decrease) in cash	(1,521)	480	(6,343)
12,188	Cash at the beginning of the year	11,905	6,557	11,905
11,905	Cash at the end of the year	10,384	7,037	5,562

Reconciliation of Net Operating Surplus to Net Cash Flows from Operating Activities for the Year Ended 30 June 2009

The Reconciliation of Net Operating Surplus to Net Cash Flows from Operating Activities shows the non-cash adjustments and other adjustments applied to the net operating surplus as reported in the Statement of Comprehensive Income on page 56 to arrive at the net cash fl ows from operating activities disclosed in the Statement of Cash Flows on page 59.

30Jun09 Actual $000s		30 Jun 10 Actual $000s	30 Jun 10 Main Estimates $000ss	30 Jun 10 Supps Estimates $000s
5,497	Net Operating Surplus	2,012	-	-
	Add: Non-cash items
1,455	Depreciation	1,481	1,768	1,504
1,455	Total non-cash items	1,481	1,768	1,505
	Add/(Less) movements in working capital items
(46)	(Increase)/Decrease in debtors and receiveables	(286)	86	163
27	(Increase)/Decrease in prepayments		-	-
	(Increase)/Decreasein Creditors & Payables	2,883	-	(137)
	(Increase)/Decrease in current employee entitlements	(512)	-	(256)
(3,311)	Net movements in working capital	2,035	86	(230)
	Add/(Less) investing activity
(31)	Loss/Gain on sale of fixed assets	4	-	-
(31)	Total investing activity	4	-	-
3,610	Net cash flow from operating activity	5,532	1.854	1,274

Statement of Departmental Commitments as at 30 June 2010

The Statement of Departmental Commitments shows the future contractual obligations (exclusive of GST) of Te Puni Kōkiri that will become liabilities if and when the terms and conditions of existing contracts are met.

Operating leases include lease payments for premises and motor vehicles.

Te Puni Kōkiri has long-term leases on its premises in New Zealand. The annual lease payments are subject to regular reviews, ranging from one year to four years. The amounts disclosed below as future commitments are based on the current rental rates.

30Jun09 Actual $000s		30 Jun 10 Actual $000s
	Accommodation lease commitments
3,217	Less than one year	311
1,093	One to two years	204
350	Two to five years	-
-	More than five years	-
4,660	Total accommodation lease commitments	2,216
	Other operating commitments
324	Less than one year	311
319	One to two years	204
210	Two to five years	-
-	More than five years	-
853	Total other operating commitments	515
5,513	Total commitments	2,731

Statement of Departmental Contingent Assets and Liabilities as at 30 June 2010

The Statement of Departmental Contingent Assets and Liabilities shows amounts at balance date that could potentially become assets or liabilities depending on the occurrence of one or more uncertain future events after 30 June 2010. It does not include general or unspecified business risks or conditions.

30-June-09 Actual $000		30-June-09 Actual $000
	Contingent Liabilities
257	Public Liability claims	-
-	Other Liability claims	30
257	Total Contingent Liabilites	30

Statement of Departmental Expenditure and Capital Expenditure Appropriations for the year ended 30 June 2010

The Statement of Departmental Expenditure and Capital Expenditure Appropriations show expenditure (exclusive of Goods and Services Tax) against funds appropriated by Parliament.

30Jun09 Actual $000s		30-Jun-10 Actual $000s	30-Jun-10 Main Estimates $000s	30-Jun-10 Supps Estimates $000s
	VOTE: MĀORI AFFAIRS Appropriation for classes of outputs
8,622	Policy-Social and Cultural	8,578	8,362	9,023
11,786	Policy-Economic and Enterprise	11,778	12,149	12,061
6,571	Policy-Crown Māori Relationships	5,832	6,883	6,081
8,732	Relationships and Information	7,726	8,965	7,870
16,625	Operations Management	10,069	10,009	10,360
8,817	Services to the Maori Trustee	-	10,004	-
-	Whanau Ora Administration	1,019	-	1,076
-	Integrated Whanau Social Assistance	7,659	7,334	7,704
111	Ministerial Economic Taskforce	485	500	500
61,264	Total Appropriations for Classes of Outputs	53,146	64,206	54,675

Statement of Departmental Unappropriated Expenditure and Capital Expenditure as at 30 June 2010

There was no unappropriated expenditure for the year ended 30 June 2010 (Nil for the year ended 30 June 2009).

Explanation of major variances against budget is detailed in note 14. The accompanying notes form part of these financial statements.

• Back to Organisational Capability
• Next: Notes to the Financial Statements